2012 YEAR IN REVIEW

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  • Business Highlights

    ___ Alibaba stock soars in jubilant trading debut Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited ...

  • SpaceX aims to step up launch rate with next mission for NASA

    By Irene Klotz CAPE CANAVERAL Fla. (Reuters) - A cargo version of the spaceship being developed by privately owned Space Exploration Technologies is slated to launch early Saturday from Cape Canaveral Air Force Station in Florida, the company's second launch in 13 days. Quick turnarounds between flights are expected to become routine as SpaceX, as the California-based company is known, adds ferrying astronauts to the International Space Station to its fast-growing launch business. ...

  • U.S. won't stand in way of Venezuela's U.N. Security Council bid

    By Louis Charbonneau and Patricia Zengerle UNITED NATIONS/WASHINGTON (Reuters) - The United States will not stand in the way of Venezuela securing a temporary seat on the U.N. Security Council in 2015-16 after Latin American and Caribbean states unanimously endorsed its bid, U.N. diplomats and U.S. sources say. The U.S. stance is in sharp contrast to its position in 2006, when Washington successfully campaigned against Venezuela's drive to join the 15-nation council, the only United Nations body that can authorize sanctions or military force. ...

  • Congress backs Obama on aid to Syrian rebels
    Congress backs Obama on aid to Syrian rebels

    WASHINGTON (AP) — President Barack Obama on Friday signed into law legislation authorizing the military to arm and train moderate Syrian rebels fighting Islamic State militants in the Middle East.

  • 225 victims of MH17 identified
    225 victims of MH17 identified

    Forensic experts have identified a total of 225 victims of downed Malaysia Airlines flight MH17, with 14 new names released to families, Dutch authorities said on Friday.

  • Instead of QE, the Fed Could Have Given $56,000 to Every Household in America
    Instead of QE, the Fed Could Have Given $56,000 to Every Household in America

    The Federal Reserve has been conducting a grand experiment since the U.S. economy tumbled into the Great Recession. After the housing market collapsed in 2008, the Federal Reserve lowered interest rates ...

  • Sunken 'Ship of Gold' Contains Bounty of Jewelry, Other Treasures
    Sunken 'Ship of Gold' Contains Bounty of Jewelry, Other Treasures

    A trove of gold coins, bracelets, buckles and broaches are among the precious treasures retrieved from a 157-year-old shipwreck off the coast of South Carolina. The "Ship of Gold," known in its sailing days as the SS Central America, was loaded down with 30,000 lbs. (13,600 kilograms) of gold when a hurricane sent it to the watery depths 160 miles (260 kilometers) from the coast of South Carolina on Sept. 12, 1857. Now, deep-sea exploration company Odyssey Marine Exploration Inc., is re-excavating the site. They've also found gold jewelry, gold nuggets and snippets of 19th-century life, from glass containers to chewing tobacco still in its package. 

  • US troops heading into Africa soon for Ebola fight

    WASHINGTON (AP) — Thousands of promised American forces will be moving into Africa over the next 30 days to set up facilities and form training teams to help the Africans treat Ebola victims, the Army's top officer said Friday.

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